In a chat with ET Now,SudipBandyopadhyay of Destimoney Securities Pvt. Ltd., shares his views on energy stocks.

ET Now: How meaningful do you think the CCI decisions could be for some of the key stocks ,say- Reliance Industries or Cairn India or some of the OMCs?

Sudip Bandyopadhyay: What has been happening in this space is very refreshing, very welcome step. The government has finally woken up and lots of measures are being taken to get the oil sector right. There are whole lot of distortions in every area as far as this sector is concerned whether it is the oil product pricing, whether it is a gas pricing, whether it is the subsidy burden on individual components, distortions etc.

So the government has been trying to get these issues resolved. It is a very welcome development, as far as the entire sector is concerned we continue to remain very bullish on oil marketing companies and the upstream companies. So we do like Oil India, we do like Reliance Industries, we also like the marketing companies like BPCL.

It is going to be good as far as these companies are concerned in the coming 6 to 12 months. So if an investor enters this space at current levels he can expect very good return over the next 12 months. The government does not have much of a choice but to get this sector right. To the specific question of CCI meet, I do not know whether things will get fully implemented as some of us are expecting. But if it does not happen this week it has to happen soon. As an investor, I am bullish and I am advising buy on Oil India and BPCL.